April 15, 2024 6:20 pm
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IMF wants to know why stock turnover fell

by fstcap

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The visiting mission of the International Monetary Fund (IMF) today inquired about the reasons behind the recent fall in turnover in Bangladesh’s stock market.
The made the query at a meeting with the officials of the Bangladesh Securities and Exchange Commission (BSEC) at its office in Dhaka.

In response, the commission said a liquidity shortage in the market has caused the drop in turnover.
An IMF team is currently visiting Dhaka to review the implementation status of the conditions it attached with the $4.7 billion loan it approved for Bangladesh in January this year.
In today’s meeting, the delegation also wanted to know about the development of the securities market.

The BSEC officials said the commission is now allowing entrepreneurs to raise funds through different types of bonds.
Even small and medium enterprises can now raise funds from the market, they said.
The commission also informed the team about the opening of a commodity exchange in Bangladesh.
source: The Daily Star

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